900 Main StLouisville, KY 40206

Property Details for 900 Main St

Year built

1880

Lot size

0.61 AC

Property size (Sq ft)

29,652 SF

Zone code

CM-COMMERCIAL MANUFACTURI

Property type

Office properties

Property subtype

Office buildings

APN

04017E01860000

APU

04017E01860000

Description

This exceptional Class A mixed-use property, located at 900 E Main St in Louisville, KY's vibrant NuLu District, presents a unique investment opportunity. Spanning 35,000 square feet, this multi-tenant building boasts a compelling blend of historic charm and modern updates. The ground floor features existing commercial spaces, ideal for a bar or restaurant, currently configured as a storefront. The second floor offers versatile workspace, including a dedicated sound room, and a sizable 3,000 square foot patio overlooking the bustling NuLu district. The third floor showcases a stunning event venue, complete with sound system wiring, a bar area, and an outdoor patio, perfect for weddings, corporate events, and private celebrations. The lower level provides ample storage, two processing labs, and a gym. The property includes approximately 40 parking spaces, with additional paid parking options available in the evenings. The building is zoned CM and is offered for sale by owner at $7,500,000 ($214.29/sq ft). Original exposed brick complements modern lighting throughout. This is a truly remarkable opportunity to acquire a high-performing asset in a sought-after location. The property's diverse income streams and flexible spaces make it an ideal investment for owner-users seeking a unique and profitable venture.

• CAP approach

  CAP return

  Valuation

  6%

  $5,616,353

  6.5%

  $5,184,326

  7%

  $4,814,017

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,552,444

  Geo Method

  $2,552,444

• Alternative Use

  Use

  Valuation

  Residential

  $6,428,564

  Hospitality

  $5,888,530

  Educational

  $4,899,188

  Medical

  $5,067,678

  Retail

  $7,620,959

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2539

Longitude

-85.7355

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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